Friday, April 16, 2010

Dear Pouting Rich People

Via Jonathon Chait:

Rich conservatives are obsessed with this idea that they might quit their jobs. Ayn Rand wrote a whole book about this fantasy. Innumerable such threats accompanied Bill Clinton's upper-bracket tax hike, which was promptly followed by an explosion in upper-income growth.

Let me give you a hint, pouting rich people: We're not falling for your bluff. None of you is really going to quit your job and deny the world your precious genius because the Democrats raised your top tax bracket to 39.6%. That's because earning more than a quarter million dollars a year and having to pay a slightly higher tax rate than the average person is not actually such a horrible fate.

Will you chinless wonders just fucking Go Galt, already? Don't let the door hit you in the butt on the way out.